Advanced Tire Market Report: Trends, Forecast and Competitive Analysis to 2030

Advanced Tire Trends and Forecast

The future of the global advanced tire market looks promising with opportunities in the self-inflating, chip-embedded, multichamber, all-in-one, and self-sealing markets. The global advanced tire market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are growing emphasis on reducing nitrogen oxide & carbon dioxide and increasing attention towards advanced driver assistance and convenience.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Advanced Tire by Segment

The study includes a forecast for the global advanced tire by material type, type, technology, vehicle type, and region.

Advanced Tire Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Elastomer
• Fillers
• Steel
• Others

Advanced Tire Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Pneumatic
• Run-Flat
• Airless

Advanced Tire Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Self-Inflating
• Chip-Embedded
• Multichamber
• All-in-One
• Self-Sealing

Advanced Tire Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Light Duty Vehicles
• Heavy Duty Vehicle

Advanced Tire Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Advanced Tire Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies advanced tire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the advanced tire companies profiled in this report include-

• Bridgestone Corporation
• Michelin
• Continental
• Pirelli
• The Goodyear Tyre and Rubber Company
• Sumitomo Rubber Industries
• Yokohama Tire Corporation

Advanced Tire Market Insights

Lucintel forecasts that elastomer will remain the largest segment over the forecast period.

Within this market, chip-embedded will remain the largest segment over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Advanced Tire Market

Market Size Estimates: Advanced tire market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Advanced tire market size by various segments, such as by material type, type, technology, vehicle type, and region in terms of value ($B).

Regional Analysis: Advanced tire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material types, types, technologies, vehicle types, and regions for the advanced tire market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the advanced tire market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the advanced tire market size?

Answer: The global advanced tire market is expected to reach an estimated $0.7 billion by 2030.

Q2. What is the growth forecast for advanced tire market?

Answer: The global advanced tire market is expected to grow with a CAGR of 15.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the advanced tire market?

Answer: The major drivers for this market are growing emphasis on reducing nitrogen oxide & carbon dioxide and increasing attention towards advanced driver assistance and convenience.

Q4. What are the major segments for advanced tire market?

Answer: The future of the advanced tire market looks promising with opportunities in the self-inflating, chip-embedded, multichamber, all-in-one, and self-sealing markets.

Q5. Who are the key advanced tire market companies?

Answer: Some of the key advanced tire companies are as follows:

• Bridgestone Corporation
• Michelin
• Continental
• Pirelli
• The Goodyear Tyre and Rubber Company
• Sumitomo Rubber Industries
• Yokohama Tire Corporation

Q6. Which advanced tire market segment will be the largest in future?

Answer: Lucintel forecasts that elastomer will remain the largest segment over the forecast period.

Q7. In advanced tire market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the advanced tire market by material type (elastomer, fillers, steel, and others), type (pneumatic, run-flat, and airless), technology (self-inflating, chip-embedded, multichamber, all-in-one, and self-sealing), vehicle type (light duty vehicles and heavy duty vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?